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End of Truck Tax: Cleaner, Safer Vehicles for Transport

This act aims to repeal the 12-percent excise tax on the sale of new heavy trucks and trailers. This will make new, more environmentally friendly and safer vehicles more affordable, potentially encouraging transport companies to replace older models. In turn, this could lead to reduced air pollution and improved road safety.
Key points
Repeal of the 12-percent tax on new heavy trucks and trailers, reducing their cost by thousands of dollars.
Incentive to replace older, less environmentally friendly vehicles with new, more fuel-efficient and safer ones.
Support for the development of electric and alternative-fueled vehicles, which currently have higher upfront costs.
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Additional Information
Modern, Clean, and Safe Trucks Act of 2021
Print number: S 2435
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2021-07-22